[gambiting]

That assumes that these social aspects are valued at zero. Money isn't everything in a job. Your compensation consists of the money, yes, but also everything else in the job. Good social aspect at work takes effort to build and maintain, so maybe, actually, those employers weren't underpaying at all. Again, money isn't everything.

[nonameiguess]

It assumes exactly the opposite of that. The underlying economic principle at work is that the social aspects of a job do have an equivalent monetary value, and now that they're gone, employers have to make up the shortfall by paying more in plain money.

[BlargMcLarg]

Counterpoint: with basic human decency and almost every company following the same blueprint when catering to that social aspect, odds are in practice it really doesn't matter. Either you're an outlier socially and lucky to hit it without turning your CV into Swiss cheese, or you're more average and almost every company will cater to you the same way, so odds are high you'll fit in similarly regardless.

Good social aspect is still in the eyes of the beholder, and for people like me, this blueprint absolutely isn't beneficial. Nor is the risk of looking for an outlier culture worth the potential benefits, when that same outlier culture can be much more easily found outside work.